TC Energy Corporation (TRP): Not A Time To Panic Nor Freeze

TC Energy Corporation (TRP) concluded trading on Thursady at a closing price of $39.87, with 3.87 million shares of worth about $154.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.95% during that period and on Thursady the price saw a gain of about 0.10%. Currently the company’s common shares owned by public are about 1.04B shares, out of which, 1.04B shares are available for trading.

Stock saw a price change of 6.21% in past 5 days and over the past one month there was a price change of 2.26%. Year-to-date (YTD), TRP shares are showing a performance of 2.00% which decreased to -1.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.51 but also hit the highest price of $42.76 during that period. The average intraday trading volume for TC Energy Corporation shares is 2.48 million. The stock is currently trading 2.99% above its 20-day simple moving average (SMA20), while that difference is up 2.12% for SMA50 and it goes to 5.41% higher than SMA200.

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TC Energy Corporation (NYSE: TRP) currently have 1.04B outstanding shares and institutions hold larger chunk of about 77.64% of that.

The stock has a current market capitalization of $41.36B and its 3Y-monthly beta is at 0.78. PE ratio of stock for trailing 12 months is 19.68, while it has posted earnings per share of $2.03 in the same period. It has Quick Ratio of 0.88 while making debt-to-equity ratio of 2.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TRP, volatility over the week remained 1.57% while standing at 1.72% over the month.

Analysts are in expectations that TC Energy Corporation (TRP) stock would likely to be making an EPS of $0.81 in the current quarter, while forecast for next quarter EPS is $0.66 and it is $3.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.67 which is $0.96 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.91 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -9.85% while it is estimated to increase by 5.21% in next year. EPS is likely to grow at an annualized rate of -2.80% for next 5-years, compared to annual growth of -7.63% made by the stock over the past 5-years.

On October 17, 2023, Wolfe Research Upgrade their recommendations, while on October 06, 2023, Goldman Resumed their ratings for the stock with a price target of $28. Stock get an Equal weight rating from Wells Fargo on September 08, 2023.

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